Fidelity Funds - Chartbook.fid-intl.com

Fidelity
Funds
Institutional European High Yield Fund 4 - continued
Schedule of Investments as at 31 October 2014
Country
Code Ccy
Shares or
Nominal
Market Value
EUR % Net
Assets
BIBBY Offshore 7.50% 15/06/2021 Reg S LU GBP 100,000 121,231 0.27
437,450 0.97
Utilities
EDP Finance 5.25% 14/01/2021 144A NL USD 200,000 167,428 0.37
167,428 0.37
Materials
Ardagh Finance Holdings 8.375% 15/06/2019 Reg S LU EUR 350,000 347,793 0.77
ArcelorMittal 7.50% 15/10/2039 LU USD 300,000 256,162 0.57
INEOS Group Holdings 6.50% 15/08/2018 Reg S LU EUR 200,000 203,583 0.45
Ardagh Packaging Fin. 9.125% 15/10/2020 144A LU USD 200,000 172,510 0.38
ALROSA Finance 7.75% 03/11/2020 Reg S LU USD 200,000 166,716 0.37
Norcell Sweden Holding 2 10.75% 29/09/2019 Reg S SE EUR 130,000 145,570 0.32
Cabot Financial (Lux.) 10.375% 01/10/2019 Reg S LU GBP 100,000 140,169 0.31
Cabot Financial (Lux.) 6.50% 01/04/2021 Reg S LU GBP 100,000 122,863 0.27
Lundin Mining 7.875% 01/11/2022 144A CA USD 60,000 50,022 0.11
ArcelorMittal 6.75% 25/02/2022 LU USD 50,000 44,333 0.10
ArcelorMittal 5.75% 05/08/2020 LU USD 50,000 42,555 0.09
1,692,276 3.73
Industrials
Gol LuxCo 8.875% 24/01/2022 Reg S LU USD 250,000 195,606 0.43
Iron Mountain Europe 6.125% 15/09/2022 Reg S GB GBP 150,000 194,674 0.43
Boing Group Financing 6.625% 15/07/2019 Reg S LU EUR 190,000 179,322 0.40
Schaeffler Finance 4.25% 15/05/2021 144A NL USD 200,000 157,848 0.35
AECOM Technology 5.75% 15/10/2022 144A LU USD 155,000 130,460 0.29
Meccanica Holdings (USA) 6.25% 15/07/2019 144A US USD 150,000 128,950 0.28
CNH Industrial Finance 2.75% 18/03/2019 LU EUR 100,000 100,504 0.22
1,087,364 2.40
Information Technology
UPCB Finance III 6.625% 01/07/2020 144A KY USD 350,000 294,796 0.65
Alcatel-Lucent (USA) 8.875% 01/01/2020 144A LU USD 235,000 206,700 0.46
Banglalink Digital 8.625% 06/05/2019 Reg S LU USD 200,000 167,805 0.37
Alcatel-Lucent (USA) 6.75% 15/11/2020 144A LU USD 200,000 165,543 0.37
Yandex 1.125% 15/12/2018 144A NL USD 190,000 137,952 0.30
Ancestry.com 9.625% 15/10/2018 144A LU USD 7,000 5,599 0.01
978,395 2.16
Consumer Discretionary
Virgin Media Secured Finance 6.25% 28/03/2029 Reg SGB GBP 400,000 531,774 1.17
Altice 7.25% 15/05/2022 Reg S LU EUR 500,000 517,899 1.14
Cable Communications Syst. 7.50% 01/11/2020 Reg S LU EUR 350,000 362,889 0.80
AA Bond 9.50% 31/07/2019 Reg S LU GBP 250,000 353,369 0.78
Polish Television Holding 11.00% 15/01/2021 Reg S NL EUR 300,000 351,315 0.78
Nara Cable Funding 8.875% 01/12/2018 144A IE USD 400,000 335,075 0.74
Laureate Education 9.75% 01/09/2019 144A US USD 350,000 289,002 0.64
EDU UK BondCo 8.875% 15/09/2018 Reg S GB GBP 200,000 252,352 0.56
Autodis 6.50% 01/02/2019 Reg S LU EUR 200,000 195,782 0.43
Chrysler Group 8.25% 15/06/2021 US USD 200,000 178,213 0.39
Columbus Intl 7.375% 30/03/2021 Reg S BB USD 200,000 170,891 0.38
Marfrig Overseas 9.50% 04/05/2020 Reg S KY USD 200,000 169,319 0.37
VTR Finance 6.875% 15/01/2024 Reg S NL USD 200,000 167,822 0.37
Altice 7.75% 15/05/2022 144A LU USD 200,000 167,604 0.37
Arqiva Broadcast Fin. 9.50% 31/03/2020 Reg S LU GBP 100,000 140,804 0.31
Aston Martin Capital 9.25% 15/07/2018 Reg S LU GBP 100,000 134,589 0.30
Jaguar Land Rover 8.125% 15/05/2021 144A GB USD 150,000 131,949 0.29
SITV 10.375% 01/07/2019 144A US USD 150,000 116,080 0.26
Ono Finance II 11.125% 15/07/2019 Reg S IE EUR 100,000 107,728 0.24
Adria Bidco 7.875% 15/11/2020 Reg S LU EUR 100,000 105,243 0.23
Snai 12.00% 15/12/2018 Reg S IT EUR 100,000 101,306 0.22
Marfrig Overseas 9.50% 04/05/2020 144A KY USD 100,000 84,499 0.19
4,965,504 10.96
Consumer Staples
Agrokor 8.875% 01/02/2020 144A LU USD 200,000 174,399 0.38
Boparan Finance 5.50% 15/07/2021 Reg S LU GBP 100,000 116,006 0.26
China Culiangwang Beverages (A) 7.00% 12/04/2016 LU CNY 1,400,000 96,636 0.21
387,041 0.85
Healthcare
Convatec Finance Intl 8.25% 15/01/2019 144A LU USD 400,000 326,698 0.72
Fresenius Medical II 5.625% 31/07/2019 144A US USD 165,000 141,407 0.31
Fresenius Medical II 5.875% 31/01/2022 144A US USD 100,000 87,259 0.19
555,364 1.23
Telecommunication Services
Play Topco 7.75% 28/02/2020 Reg S LU EUR 600,000 600,955 1.33
B Communications 7.375% 15/02/2021 144A LU USD 250,000 213,500 0.47
Altice Financing 6.50% 15/01/2022 Reg S LU EUR 200,000 207,454 0.46
Altice Financing 6.50% 15/01/2022 144A LU USD 200,000 163,419 0.36
Telecom Italia 4.50% 25/01/2021 EMTN IT EUR 150,000 161,911 0.36
Millicom International Cellular 4.75% 22/05/2020 Reg SLU USD 200,000 158,762 0.35
Telecom Italia Capital 6.375% 15/11/2033 LU USD 50,000 40,606 0.09
1,546,607 3.41
Financials
Aston Escrow 9.50% 15/08/2021 144A LU USD 350,000 267,362 0.59
AerCap Ireland 5.00% 01/10/2021 144A LU USD 310,000 257,828 0.57
Biz Fin (Ukreximbank) 8.375% 27/04/2015 Reg S LU USD 350,000 249,276 0.55
Alfa Bank (Alfa Bond) 7.875% 25/09/2017 Reg S LU USD 250,000 208,663 0.46
Country Shares or Market Value % Net
Code Ccy Nominal EUR Assets
Barclays 8.00% VRN (Perpetual) LU EUR 200,000 207,960 0.46
Banca Monte Dei Paschi 3.625% 01/04/2019 EMTN LU EUR 200,000 200,554 0.44
Aldesa Financial 7.25% 01/04/2021 Reg S LU EUR 200,000 197,093 0.43
Arrow Global Finance 5.336% FRN 01/10/2021 Reg S LU EUR 200,000 196,250 0.43
Assicurazioni Generali 6.269% VRN (Perpetual) LU GBP 150,000 195,964 0.43
Encore Capital Group 2.875% 15/03/2021 144A US USD 250,000 193,947 0.43
Keystone Financing 9.50% 15/10/2019 Reg S GB GBP 150,000 185,978 0.41
Barclays Bank 7.625% 21/11/2022 LU USD 200,000 175,455 0.39
BBVA Argentaria 9.00% VRN (Perpetual) LU USD 200,000 173,284 0.38
Bank of Ireland 10.00% 30/07/2016 EMTN LU EUR 150,000 162,385 0.36
Mapfre 5.921% VRN 24/07/2037 ES EUR 150,000 159,962 0.35
Alpha Star Holding 4.97% 09/04/2019 Reg S LU USD 200,000 152,146 0.34
Societe Generale 6.00% VRN (Perpetual) Reg S FR USD 200,000 151,069 0.33
Bank of Scotland CF 7.754% VRN (Perpetual) Reg S LU GBP 100,000 143,926 0.32
Bank of Scotland CF 6.059% VRN (Perpetual) Reg S LU GBP 100,000 129,609 0.29
Bank of Ireland 10.00% 19/12/2022 EMTN LU EUR 100,000 129,104 0.28
Boats Investments (ND) 11.00% 31/03/2017 EMTN NL EUR 338,380 110,998 0.24
Baggot Securities 10.24% (Perpetual) Reg S LU EUR 100,000 106,300 0.23
BPCE 9.00% VRN (Perpetual) LU EUR 100,000 102,222 0.23
Alpha Credit Group 3.375% 17/06/2017 EMTN LU EUR 110,000 101,113 0.22
Barclays Bank 4.875% VRN (Perpetual) EMTN LU EUR 90,000 87,943 0.19
Credit Suisse (Guernsey) 7.875% 24/02/2041 Reg S GB USD 100,000 85,391 0.19
RBS Capital Trust II 6.425% VRN (Perpetual) US USD 100,000 84,060 0.19
Argon Capital 2.895% VRN (Perpetual) EMTN LU GBP 50,000 51,523 0.11
4,467,365 9.86
Government
Greece 2.00% 24/02/2028 GR EUR 250,000 151,281 0.33
Greece 2.00% 24/02/2023 GR EUR 200,000 142,675 0.31
293,956 0.65
Open Ended Fund
Fidelity Institutional Liquidity Fund - A-ACC-EUR LU EUR 284 4,000,866 8.83
4,000,866 8.83
Fractions (4) (0.00)
Total Investments (Cost EUR 41,150,986) 45,333,096 100.04
1
45 333 096 00
Ccy
Underlying
exposure
Unrealised % Net
gain/(loss) Assets
EUR
Credit Default Swaps
Credit Default Swaps
Bought protection on Russia 5.00% 20/06/2019 USD 950,000 43,809 0.10
Sold protection on Fiat Fin. 5.625% 20/06/2021 EUR 250,000 27,726 0.06
Bought protection on Ukraine 6.75% 20/03/2019 USD 125,000 22,593 0.05
Sold protection on Wendel Invest. 4.875% 20/06/2021 EUR 100,000 21,116 0.05
Sold protection on Portugal Telecom 4.375% 20/12/2018 EUR 150,000 13,869 0.03
Sold protection on Alcatel 3 Year 20/12/2014 EUR 250,000 1,519 0.00
Bought protection on Accor 2.875% 20/06/2019 EUR 100,000 (80) (0.00)
Bought protection on CDX.NA.HY S22 5 Year 20/06/2019 USD 600,000 (36,370) (0.08)
Bought protection on Itraxx Xover S21 20/06/2019 EUR 450,000 (49,680) (0.11)
Bought protection on Itraxx Xover S22 20/12/2019 EUR 3,050,000 (198,293) (0.44)
Bought protection on Itraxx Xover S20 20/12/2018 EUR 3,150,000 (365,377) (0.81)
(519,168) (1.15)
Underlying
exposure EUR
Unrealised % Net
gain/(loss) Assets
EUR
Forward Foreign Exchange Contracts
Forward Foreign Exchange Contracts
Bought USD Sold EUR at 1.33577 13/11/2014 289,721 19,010 0.04
Bought USD Sold EUR at 1.33834 13/11/2014 269,737 18,252 0.04
Bought USD Sold EUR at 1.31492 13/11/2014 300,398 14,714 0.03
Bought USD Sold EUR at 1.30116 13/11/2014 351,226 13,347 0.03
Bought USD Sold EUR at 1.29589 13/11/2014 314,070 10,615 0.02
Bought USD Sold EUR at 1.29312 13/11/2014 188,692 5,960 0.01
Bought USD Sold EUR at 1.27528 13/11/2014 335,613 5,825 0.01
Bought USD Sold EUR at 1.33710 13/11/2014 79,276 5,286 0.01
Bought USD Sold EUR at 1.27052 13/11/2014 342,379 4,644 0.01
Bought GBP Sold EUR at 0.80197 13/11/2014 165,841 3,860 0.01
Bought GBP Sold EUR at 0.79321 13/11/2014 312,653 3,783 0.01
Bought GBP Sold EUR at 0.79870 13/11/2014 184,050 3,515 0.01
Bought USD Sold EUR at 1.31916 13/11/2014 56,854 2,977 0.01
Bought USD Sold EUR at 1.28884 13/11/2014 101,642 2,863 0.01
Bought USD Sold EUR at 1.26819 13/11/2014 243,655 2,851 0.01
Bought USD Sold EUR at 1.28521 13/11/2014 97,261 2,458 0.01
Bought GBP Sold EUR at 0.80331 13/11/2014 92,119 2,302 0.01
Bought USD Sold EUR at 1.29546 13/11/2014 62,526 2,092 0.00
Bought USD Sold EUR at 1.25865 13/11/2014 467,169 1,910 0.00
Bought GBP Sold EUR at 0.79572 13/11/2014 123,159 1,885 0.00
Bought GBP Sold EUR at 0.79811 13/11/2014 101,489 1,863 0.00
Bought GBP Sold EUR at 0.79380 13/11/2014 120,937 1,554 0.00
Bought USD Sold EUR at 1.28216 13/11/2014 54,595 1,247 0.00
Bought USD Sold EUR at 1.26942 13/11/2014 92,956 1,179 0.00
Bought GBP Sold EUR at 0.80022 13/11/2014 53,735 1,131 0.00
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